While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.
Barrick Gold Corp. Mining News
The debate is over whether the world’s largest gold miner will remain a Canadian company.
The iconic entrepreneur and founder of gold mining giant Barrick Gold has donated $300 million to institutions in Canada.
Reports that AngloGold Ashanti Ltd. is considering a London listing provides some festive cheer to a city that’s lost its way as a home for gold miners.
The laying off of nearly 95 employees comes as the Toronto-based company expects to complete its purchase of Randgold Resources on Jan. 1.
The effective tax rate will range from 86% to 105%, with about 27,900 jobs at risk - Zambia Chamber of Mines.
Until now, gold has played second fiddle to the U.S. currency as investors have sought a safe haven in the face of trade war uncertainty now, we see gold’s appeal firming.
“This is now Mark Bristow’s company and I think John knows that.”
A deal would be a major victory for Bristow as he prepares to take the helm of Barrick in January
A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don’t have enough skin in the game.
The alliance strategy saw little success in the Congo.
Barrick Gold shareholders "overwhelmingly" approved its all-stock acquisition of Africa-focused Randgold Resources.
No final decision has been made, and it’s also not clear whether all three of Acacia’s Tanzanian gold mines will be brought back into Barrick.
Toronto-based Barrick announced it would purchase Randgold for a spectacular $6 billion.
The Canadian miner may slash 400 jobs and involve Chinese partners in its troubled Tanzania operations.
The Canadian miner said it has a strong relationship with partner Ma’aden.
The public is being asked to review and provide feedback on Donlin’s reclamation and closure plans.
Zaldívar signed a new power plant supply agreement with Colbún to produce copper with 100% renewable energy.
Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.
The new measure will affect global mining firms including First Quantum Minerals, Glencore, Barrick Gold Corp and Vedanta Resources which currently pay a flat rate of 9.30 cents/kWh.
Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.
The officials are accused of abuse of power in the case of the 2015 cyanide spill at Barrick Gold's Veladero mine.
Residents say the federal government is not fulfilling its commitment to the city.
The decision was made to reflect a challenging "shareholder experience" and operations at some mines.
The Toronto-based company, which operates the Lumwana mine, hasn’t received any notifications from the tax authority.